American Apparel CEO: Numerous Lawsuits Against Me Are A Testament To My Awesomeness

Has the profitability of your company come into question of late? Have you been sued many, many times, typically for sexual harassment? Want to set the record straight but are unsure of what to say? Perhaps Dov Charney can help. In an interview with CNBC today, Charney told Jane Wells that any suggestion that American Apparel can’t turn a profit on its mesh unitards, gold lamé leggings, and fishnet bodysuits is totally off base. “I think you’re casting [the business] in the wrong light to say it’s unprofitable,” Charney said. “From an accounting perspective, from 20 feet up, yeah, it’s unprofitable. But if you get down to the numbers…we’re getting our groove back…[we’ll return to profitability] probably maybe next year.” There was also this exchange.

Wells: I’ve counted, what is it, nine lawsuits against you? That’s a lot.

Charney: Yeah. It’s also a testimony to my success.

Wells: Do you think you’re inappropriate at all?

Charney: No.

Wells: The range of criticism is everything from sexual predator to just…weird.

Charney: Well, you know, I mean, weird? I like weird…Many of the great entrepreneurs of the last century have been criticized for being somewhat different.

In other news, American Apparel CEO Dov Charney announced his new line of velcro gloves. "This s a perfect fit that will balance out he AA portfolio, not to mention how it will compliment our existing Livestock position".

The more frequently you monitor your portfolio, the more likely you are to observe a loss. This is likely to cause short-sighted decisions and could hurt your investment performance. If you are checking your portfolio more than once per quarter, you’re doing it too much.